Lion Energy signed a drilling contract with Silver City Drilling for the Bula Karang-1 exploration well in the East Seram PSC on Seram Island, Indonesia. The contracted rig, SCD-20, is a 900 HP Schramm Rotadrill TXD200 hydraulic unit currently working in East Java, Indonesia. The well is targeted to spud in July 2026. The rig …
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